EANS-News: Data Modul AG earnings double in first half of 2011
11.08.2011 – 07:37
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 6-month report Subtitle: Financial Results Second quarter of 2011: EBIT +87%, Revenues +24% München (euro adhoc) - Announcement of new products opening up new growth markets. Munich-based Data Modul AG is Europe's largest independent display technology company. Data Modul's leading edge display solutions, embedded systems and Easy-Touch technologies are used globally in electrical engineering applications and information systems requiring the highest quality standards. Revenue in the second quarter of 2011 increased by 24.4 % to 35.2 million euros (2010: 28.3 million euros): the Displays business segment generating revenues of 21.5 million euros (2010: 18.6 million euros), while the Systems segment saw revenues of 13.7 million euros (2010: 9.7 million euros). In the first half of 2011, the total revenue for the Group was at 69.8 million euros (2010: 56.5 million euros). In the second quarter, order entry was at 37.5 million euros (2010: 32.3 million euros). Compared to the prior year quarter, there was an increase in order intake in both segments. Order backlog amounted to 76.5 million euros (2010: 68.4 million euros). As a result of the positive revenue development, the EBIT increased in the second quarter 2011 by 86.7% to 2.8 million euros (2010: 1.5 million euros) breaking down as follows: 1.8 million euros (2010: 1.6 million euros) from the Displays business segment and 1.0 million euros (2010: -0.1 million euros) from the Systems business segment. In the first half of 2011, the EBIT for the Group was at 4.9 million euros (2010: 3.0 million euros). The net income for the year amounted to 3.6 million euros (2010: 1.8 million euros) translating into earnings per share of 1.02 euros (2010: 0.51 euros) in the first half of 2011. The export quota rose to 36.0% (2010: 30.3%). In order to increase the export ratio, Data Modul established a new sales office in Switzerland in the second quarter of 2011. At the end of that second quarter, the Group's equity ratio (in accordance with IFRS) amounted to 49.6%. Key Corporate Results of Data Modul AG According to IFRS | |April - |April - |Change |Jan. - |Jan. - |Change | | |June |June | % |June |June | % | |(in million |2011 |2010 | |2011 |2010 | | |euros) | | | | | | | |Total revenue |35.2 |28.3 |24.4% |69.8 |56.5 |23.5 % | | Displays |21.5 |18.6 |15.6% |43.3 |35.4 |22.3% | | Systems |13.7 |9.7 |41.2% |26.5 |21.1 |25.6% | |Order entry |37.5 |32.3 |16.1% |79.0 |61.8 |27.8% | |Order backlog |76.5 |68.4 |11.8% |76.5 |68.4 |11.8% | |EBIT |2.8 |1.5 |86.7% |4.9 |3.0 |63.3% | |Net income |2.2 |0.8 |175.0% |3.6 |1.8 |100.0% | |Capital |0.6 |0.3 |100.0% |0.9 |0.5 |80.0% | |investment | | | | | | | |Employees |294 |274 |7.3% |294 |274 |7.3% | |Earnings/share |0.63 |0.24 |162.5% |1.02 |0.51 |100.0% | |(EUR) | | | | | | | For the current financial year, we expect a double-digit growth in revenues and distinctly positive earnings outperforming last year's results. In that, we are benefiting from the economic upturn in Europe and the USA, our most important markets, as well as from further integration of our affiliate company Conrac. We will continue to globalize Data Modul, consolidate markets and add interesting technologies to our portfolio. We will focus on the development of bespoke systems and solutions for our customers. Thereby we will build our future on organic growth. The Executive Board Munich, August 11, 2011 ----------------------- Press Release Further inquiry note: Barbara Lederer Tel.: +49 (0)89 56017-105 E-Mail: barbara.lederer@data-modul.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Data Modul AG Landsberger Str. 322 D-80687 München phone: +49(0)89-56017-0 FAX: +49 (0)89 56017-102 mail: info@data-modul.com WWW: http://www.data-modul.com sector: Technology ISIN: DE0005498901 indexes: CDAX, Prime All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, regulated dealing: München language: English